Plyra Beta · Walkthrough

What you'll actually do in the beta

Concrete steps for each beta cohort. No marketing fluff – this is what your first session in Plyra looks like.

01 · What's already live on Fuji

Verified onchain, not roadmap

Total vaults

2 live

Consensus demo + BitHedge Genesis (anchor)

Capital onchain

$5.07M USDC

BitHedge Genesis Vault, status=Active, tier A (AI credit score 805)

View on Snowtrace →

Archived Phase 3 eERC research

Fuji proof pipeline

Registration and mint proof checks are preserved as milestone evidence. Production uses standard ERC-20 assets on a private L1; eERC is not a planned component.

Read the archive →

Cross-subnet attestation

Receiver deployed

ICM/Teleporter receiver live on Fuji; verified end-to-end on a local avalanche-cli network. Public Dispatch → Fuji message pending (Dispatch testnet stalled).

Governance

Deployed, centralized in beta

OZ Governor + Timelock + ERC20Votes (2-day timelock, 4% quorum) deployed on Fuji; admin control stays centralized through the testnet phase.

02 · Before you start

Wallet + testnet checklist

Wallet on Avalanche Fuji (Core, MetaMask, Rabby – any EVM wallet)
Test AVAX for gas – request from the Avalanche faucet inside the app
Test USDC for deposits – request from the in-app USDC faucet
Browser unblocked for app.plyra.io (no special access codes required)

03 · Your path by cohort

Three concrete tracks

Cohort B

Vault issuer · live in 30 minutes

You're an originator or structured credit shop. Start in the Plyra Workbench to see your own pool structured into tranches, then clone the BitHedge Genesis Vault and adapt it to your collateral.

Open the Plyra Workbench at app.plyra.io/workbench, describe your loan pool (size, coupon, term, expected default, recovery), and get a suggested Senior / Mezzanine / Equity structure with per-tranche risk-adjusted return and a written credit memo in seconds
Connect a wallet on Avalanche Fuji and request test AVAX + test USDC from the in-app faucets
Browse the live BitHedge Genesis Vault to see waterfall structure, tranche pricing, and AI credit scoring
Open a 1:1 with Plyra to scope your vault – collateral type, KYC posture, allocator profile, encrypted vs plaintext
Deploy via the SDK or the Forge factory UI; Plyra operates the testnet vault during beta
Onboard one tester or allocator persona and run a full waterfall cycle on Fuji

Cohort A

SDK integrator · ship in a week

You already have an Avalanche product. Embed Plyra as a credit primitive (vault factory, AI risk scoring, tranching) without rebuilding it.

Install the SDK: npm i @meridianprotocol/sdk viem
Read the Quick Start in the app docs, connect to Fuji, and call ForgeFactory.createVault() in a test repo
Wire the SDK into your existing UI – tranche selection, deposit, claim. Sample components in the SDK readme.
Send the integration draft to Plyra for a 30-min review and joint go-to-market planning
Share written integration feedback for the Phase 3 acceptance packet

Cohort C

Allocator · evaluate and deposit

You want exposure to onchain private credit but need permissioned rails. Start by browsing live vaults; commit to a signal allocation once the fit is clear.

Connect a wallet on Avalanche Fuji, browse vaults at /forge in the app
Filter by tier and APR, inspect each vault's AI credit score, and model loss scenarios for any pool in the Plyra Workbench (/workbench)
Pick a tranche (senior / mezz / equity) and deposit test USDC – the position will be visible in your account
Watch one full waterfall cycle to see how distributions land in real time
Once comfortable, schedule a 1:1 with Plyra to scope a custom vault via the SDK or a direct Cohort B allocation

04 · Verify onchain